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Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s):  LMEFF

Laurion Mineral Exploration Inc. is a Canada-based mid-stage junior exploration and development company. The Company is engaged in the acquisition, exploration and development of Canadian gold and base metal mineral resource properties. It is focused primarily on its wholly owned 57.43 square kilometers (km2) (14,191 acres) flagship brownfield, Ishkoday Gold and Polymetallic Project, located 220 kilometers (km) North-East of Thunder Bay, Ontario, Canada. Its Ishkoday is situated in the Onaman-Tashota Greenstone Camp in the Irwin, Walters, Elmhirst and Pifher Townships located 25 km northeast of the Town of Beardmore, Ontario and 220 km northeast of Thunder Bay, Ontario. It holds a 100% interest in Brenbar, which consists of two mining leases covering 255 hectares contiguous and to the west of Ishkoday. It has a 100% interest in the Jubilee-Elmhirst, Beaurox and Twin Falls property. The Company also owns a 30% joint venture interest and Canadian Gold Miner Corp.


TSXV:LME - Post by User

Comment by Primpageon Mar 02, 2024 12:32am
181 Views
Post# 35910835

RE:RE:Drinking the koolaid

RE:RE:Drinking the koolaid

Do you mean $2-$30? 

the reason for such a big range is that no one on here actually knows. We don't have an MRE(which we never will until an announcement) to tell us how many geo's there's are in the ground. Even if we did, we still don't know the value of the ishkoday considering the low cost to mine the property. It's expected that the ishkoday will have an AISC of $700-800, similar to the numbers estimated for the greenstone only km's down the highway. But I don't believe there's a recent enough sale that we can compare to. GBR sold years ago and I feel the price they sold for is going to be low compared to what Cynthia will get in 2024. 

We are all just speculating and no one knows. Some might have heard from someone who heard from someone else that it is worth $4. Some have heard $30....all speculation. Until Cynthia sets forth a news release with real numbers, we can only guess at its value. 

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